اقتصاد

AE Coin and USDU to develop a regulated AED–USD digital conversion framework for institutional settlement in the UAE

AE Coin, the UAE’s first AED-pegged stablecoin licensed by the Central Bank of the UAE, and USD Universal (USDU), a USD-backed stablecoin regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) and registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (PTSR), have announced a strategic collaboration to develop a regulated AED–USD digital conversion framework, powered by Al Maryah Community Bank (...

British Airways’ parent company expects £1.7bn hit from higher fuel bill

[{"id":1281363,"path":"/news/politics/local-elections-2026-latest-live-london-polls-greens-labour-reform-tories-lib-dems-b1281363.html","title":"Local elections 2026 LIVE: Labour loses Westminster in huge blow for Keir Starmer","imageUrl":"https://static.standard.co.uk/2026/05/08/06/01KR2REFGPZKA2WXHEV97X30Q0.jpg","standfirst":"Labour and Tories face election bloodbaths as Reform UK surges outside London"},{"id":1281426,"path":"/news/politics/local-elections-2026-all-the-london-results-b1281426....

Think PAN is needed only for ITR Filing? 7 transactions where you must quote it

Think PAN is needed only for ITR Filing transactions where you must quote it

Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India Ltd. is looking to implement measures to cut costs and reduce flights in the wake of the Iran war, people familiar with the matter said, just as the unprofitable airline searches for a new leader to navigate an exceptionally difficult period.

Japan to send economic mission to Russia on May 26-27 — agency

According to the media outlet, companies such as Mitsui, Mitsui O.S.K. Lines and Mitsubishi may join the delegation, led by the country’s Ministry of Economy, Trade and Industry

'Hunger doesn't stop at 11!' Call for free breakfast for teenagers as UK feels the pinch

As 500 new free primary breakfast clubs open this month, charity Magic Breakfast says secondary schools urgently need the same support. Maryam Qaiser visits a Walsall school helping hungry teens.

UK officials issue 2026 Summer holiday fuel shortage update for families

Passengers are being reminded that they have strong legal protections

BCCI warns IPL teams over honey-trap risks, tightens hotel room access rules

The BCCI has issued a stern warning to IPL franchises regarding 'targeted compromise and honey-trapping,' enhancing security and access protocols. Stricter rules now govern hotel room access, unauthorised departures, and accreditation display. Franchise owners face new restrictions on interacting with players during matches, and vaping is strictly prohibited, with severe penalties for violations.

मई में महा डिस्काउंट, इस कंपनी की SUVs पर मिल रहा 4 लाख तक का ऑफर

SUVs

1 साल में 215% चढ़ा ये शेयर, अब दिवालिया हुई कंपनी! आपका भी है दांव?

Al Khaznah Leathers signs key MoUs at Make It in the Emirates 2026

Al Khaznah Leathers (AKL), the UAE’s national sustainable leather factory and the country’s only leather facility with a fully integrated value chain, signed two strategic agreements during Make It in the Emirates 2026, reinforcing its role in advancing industrial localisation, future manufacturing, and Emirati craftsmanship.The MoU with ROX focuses on exploring opportunities in automotive leather solutions, including finished leather, advanced cut parts, and precision-engineered components for...

Oil Market Completely Broken

Oil climbed after renewed clashes between US and Iranian forces which has jeopardized the outlook for a deal to end the war. The Strait of Hormuz has been effectively closed since the start of the war triggering an energy supply shock. Vandana Hari, Founder of VANDA Insights told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche, oil markets are not reflecting reality. (Source: Bloomberg)

Dubai Taxi profit falls after March slowdown hits trips and airport demand

Dubai: Dubai Taxi Company reported lower first-quarter revenue and profit after regional uncertainty in March reduced trip volumes across its taxi and limousine businesses, interrupting a strong start to the year driven by fleet expansion and steady mobility demand.Sign up for our daily business newsletter, Cheques & Balances.The company said revenue fell 6% year on year to Dh551.1 million in the three months to March 31, 2026, while EBITDA declined 22% to Dh120.7 million. Net profit dropped 39%...

Why Iran War Risks Hit Indian Stocks Harder

Record foreign outflows and surging energy costs are battering India’s economy and the rupee. While geopolitical tensions drive crude prices higher, some sectors show resilience amid the volatility. Lakshmi Iyer of Bajaj Finserv joined Haslinda Amin on Insight to discuss why market corrections offer opportunities and where she sees value in alternatives. (Source: Bloomberg)

From fuel relief to tax shocks: Inside Labor's Budget that will hit every Australian wallet

From fuel relief to tax shocks: Inside Labor's Budget that will hit every Australian walletFederal Budget due on Tuesday, May 12Aussies can expect a raft of changes READ MORE: Top Aussie banker issues brutal message to Albo's governmentBy CAITLIN POWELL - NEWS REPORTER and ANDREW BROWN FOR AUSTRALIAN ASSOCIATED PRESS Published: 06:18, 8 May 2026 | Updated: 06:18, 8 May 2026 e-mail View comments

Why China's Rare Earths Grip Is Hard to Break

China's near-total control of the rare earths industry has become one of its most potent geopolitical levers. Chris Kennedy, who leads economic statecraft analysis at Bloomberg Economics, says President Donald Trump is expected to prioritize retaining US access to these industrial inputs, which are vital to the auto, defense and tech sectors. (Source: Bloomberg)

Oil at $101 but could Strait of Hormuz crisis push prices to $200?

Escalating Middle East conflict has choked the world's busiest oil passage, pushing crude prices past $100 per barrel with warnings of a surge to $167 or higher. A prolonged closure of the Strait of Hormuz threatens a severe energy and trade shock, potentially reducing global trade growth significantly and deepening economic uncertainty worldwide.

From oil giants to banks - these companies are making billions from Iran war

From oil giants to banks - these companies are making billions from Iran warJust nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesAs households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead.The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments.But while s...

Pakistan Shuns Spot LNG as It Bets on Potential Hormuz Easing

Pakistan opted not to buy urgent cargoes of liquefied natural gas on the spot market, betting that hostilities which have closed the Strait of Hormuz will ease and cheaper supplies from Qatar will arrive soon.

Macquarie CFO Says Private Credit Angst Due to Liquidity Issues

Worries in the private credit market stem from retail-driven liquidity problems rather than the health of the underlining portfolio, according to Frank Kwok, Chief Financial Officer at Macquarie Group Ltd.